NEW YORK--(BUSINESS WIRE)--
Seritage Growth Properties (NYSE: SRG) announced today that Sharon
Osberg has been appointed to the Company’s Board of Trustees as an
independent trustee. Upon her appointment, effective today, Ms. Osberg
will serve on the Board’s Compensation Committee.
“We are very pleased to welcome Sharon Osberg to the Board of Trustees
of Seritage,” stated Edward S. Lampert, Chairman of the Board of
Trustees of Seritage Growth Properties. “Sharon brings deep experience
in technological innovation and operational leadership within large
organizations. As we continue to grow and scale our platform in order to
execute on our transformative retail redevelopment and mixed use
projects, we believe Sharon will offer valuable counsel and perspective.”
Ms. Osberg worked for 25 years in financial technology development and
management. The bulk of her career was spent at Wells Fargo Bank where
she became Executive Vice President in charge of the newly created
Online Financial Services Division. She was responsible for charting the
bank’s internet course and growing the online business. After leaving
Wells Fargo, Ms. Osberg was Chief Operating Officer for 724 Solutions,
Inc. in Toronto, Canada, and held various consulting positions for
insurance, banking, and technology companies. She also served on the
Board of Directors of The Sequoia Fund for 12 years, holding the
position of Chairperson from 2013 until retirement. She currently serves
on the boards of Felidae, a non-profit conservation and research
organization, and Orangutan Foundation International, a non-profit
conservation organization. She holds a Bachelor of Art’s degree from
Dickinson College.
Ms. Osberg fills the Board seat vacated by Kenneth T. Lombard, who was
recently named Executive Vice President and Chief Operating Officer at
Seritage.
About Seritage Growth Properties
Seritage Growth Properties is a publicly-traded, self-administered and
self-managed REIT with 225 wholly-owned properties and 24 joint venture
properties totaling approximately 39 million square feet of space across
49 states and Puerto Rico. The Company was formed to unlock the
underlying real estate value of a high-quality retail portfolio it
acquired from Sears Holdings in July 2015. Pursuant to a master lease,
the Company has the right to recapture certain space from Sears Holdings
for retenanting or redevelopment purposes. The Company’s mission is to
create and own revitalized shopping, dining, entertainment and mixed-use
destinations that provide enriched experiences for consumers and local
communities, and create long-term value for our shareholders.
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Seritage Growth Properties
646-277-1268
IR@Seritage.com
Source: Seritage Growth Properties